Crypto News: A new world begins to take shape: Weekend reads from Big Take

A worker depowders an outsole of a Vivobarefoot shoe at the Wazp factory in Ireland. Photographer: Photograph by Matthew Thompson for Bloomberg Markets

There is a $32 trillion transformation unfolding in global trade.

US-China tensions and Russia's invasion of Ukraine have prompted companies to bring supply chains closer to home. A shift from fossil fuels is spurring demand for materials essential for electrification. Artificial intelligence is forcing employees to learn new skills so they won't be replaced by computers.

These shifts might not be apparent in government data yet, but they're already changing commerce around the world. Bloomberg Markets dispatched reporters to discover what this upheaval looks like on the ground. Read their reports here.

Family office management course at HKU School of Professional and Continuing Education, in Hong Kong Photographer: Lam Yik/Bloomberg

Governments from Singapore to Miami and Lausanne are fighting to attract booming family office businesses, especially from Asia.

To land these whales, the availability of trained staff to help the ultra-rich run their lives and their money has become a key battleground. For some, solving this talent gap requires setting up night classes to teach potential managers the ins and outs of managing enormous pools of generational wealth.

Beyond accounting basics, it's a role that demands the perils of working for politically exposed persons to soft skills covering the vagaries of Swiss watches and fine art.

But like the wealth being managed, the upside of these roles is enormous. Trillions of investment dollars and top jobs that sometimes pay $1 million or more are up for grabs. Read more.

Former US President Donald Trump boards his private airplane at Ronald Reagan National Airport in Arlington, Virginia, US, on Aug. 3, 2023. Photographer: Al Drago/Bloomberg

Donald Trump faces peril on three legal fronts. On Thursday, he pleaded not guilty to charges that he conspired to obstruct the 2020 presidential election. It is, perhaps, the most serious trouble he has faced in the courts yet.

On The Big Take Podcast, Bloomberg's Sara Forden and Zoe Tillman discuss how the former president's multi-pronged fight in the courts will shape his campaign in the weeks and months ahead.

Also on the podcast: The new technology that can help us fight climate change and what the early days of AI regulation look like.

"This is gaming the contract, which is supposed to protect consumers in these circumstances."

Ed Davey

Former UK government energy secretary

A loophole let one of the UK's biggest energy producers avoid

paying hundreds of millions to consumers during a cost-of-living crisis.

Read the full investigation.

$1.6 trillion

The combined assets of UBS and Credit Suisse. Despite widespread calls for reform in the wake of Switzerland's biggest banking shock, little has changed.